Analyze and review the following items and determine the appropriate journal entry. Record the journal entry Transcribed Image Text: g. Investments -FV-OCI On December 31,

Academic Writing accounting, business-managerial-accounting Analyze and review the following items and determine the appropriate journal entry. Record the journal entry Transcribed Image Text: g. Investments -FV-OCI On December 31,

accounting, business-managerial-accounting

Analyze and review the following items and determine the appropriate journal entry. Record the journal entry Transcribed Image Text: g. Investments -FV-OCI On December 31,

Analyze and review the following items and determine the appropriate journal entry. Record the journal entry Transcribed Image Text: g. Investments -FV-OCI
On December 31, 2020, the fair value per share of Hub Cap Company was $11.25 per share.
Aylmer decided to sell it’s shares in Hub Cap Company at that time (sale was not recorded on
the trial balance). Hint: after you record the sale, be sure to close the gain or loss on sale to
retained earnings similar to how the sale was accounted for in TR11-7 in class. Transcribed Image Text: Purchase
Date
Description
COST
6/15/2020 10,000 shares of Hub Cap Company
106,000.00

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